Cybex International Inc. (CYBI) Tuesday reported a wider loss for the second quarter, due mainly to lower revenues and weak margins.
The Medway, Massachusetts-based company's second-quarter net loss was $1.21 million or $0.07 per share, compared to $555 thousand or $0.03 per share last year.
Total revenues for the quarter dropped to $30.80 million from $32.56 million in the prior-year quarter.
For the quarter, gross margin decreased to 29.4 percent from 33.8 percent in the year-ago quarter.
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